SP Tulsian of sptulsian.com told CNBC-TV18, "Power Finance Corporation (PFC) has already been out with the numbers last week. Manappuram Finance has operating profit of Rs 350 crore against sequential Rs 80 crore. In fact the profit adjustment of 6-12 months norms, the profit would have been higher by about Rs 45-47 crore, so positive call on that.”
He further added, “PFC, Rural Electrification Corporation (REC) always go together and REC again has posted very good numbers with EPS of close to about Rs 12 for this quarter. So there is going to be some up move in that and PFC has to catch on with that because both the stocks are moving in tandem, so positive view on Manappuram Finance, REC and PFC."
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